Congressional Update - Friday, November 7, 2008 11:12 - 0 Comments

The bailout leaves lots of unanswered questions

It appears that the bailout bill – originally sent to Congress by the Bush Administration as a pay-off to wrongdoers – was greatly improved. But, there are still lots of questions unanswered about how the revised measure will work. I doubt seriously that many members of Congress really understand what they have done to the taxpayers. Hopefully, the bill that the President signed into law will eventually rescue our nation’s economy. At this point, the jury is still out as to whether the bailout will prove to be a real answer to our nation’s economic woes. If it turns out to be a bailout that simply throws billons of taxpayer dollars at the problem – without adequate planning – things will definitely get much worse before the economy is really rescued. My hope and prayer is that those who voted for the bailout did the right thing and for the right reasons.